Compeq Manufacturing Co., Ltd. AI Stock Analysis
Compeq Manufacturing Co., Ltd. (2313) AI Stock Analysis
Compeq Manufacturing Co., Ltd.
(TWSE:2313)
Compeq earns a moderate score supported primarily by healthy financials: record revenue, recovering margins and profits, a conservatively leveraged balance sheet and strong operating cash flow that comfortably exceeds reported earnings. The main drag is technical weakness — the share price sits well below all key moving averages with sharply negative MACD momentum, and deeply oversold readings reflect persistent selling pressure rather than a confirmed turning point. A relatively high P/E of 27.3 against cyclical earnings, combined with only a 1.75% dividend yield, further tempers the score, as do ongoing capital intensity and demand cyclicality that keep free cash flow conversion uneven.
Compeq Manufacturing Co., Ltd. (2313) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 235.04B
- Dividend Yield
- 1.53%
- Average Volume (3M)
- 29.40M
- Price to Earnings (P/E)
- 29.4
- Beta (1Y)
- 1.27
- Revenue Growth
- 11.13%
- EPS Growth
- 24.42%
- Country
- TW
- Employees
- 4,642
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Compeq Manufacturing Co., Ltd. Business Overview & Revenue Model
Company Description
Compeq Manufacturing Co., Ltd. is a global leader in the production and distribution of printed circuit boards (PCBs), with a presence spanning Taiwan, the United States, Asia, Europe, and other international markets. The company offers a comprehensi...
Compeq Manufacturing Co., Ltd. Financial Statement Overview
Summary
Solid and improving fundamentals. Revenue reached a record NT$76.0 billion (+5% YoY after +8% in 2024), gross margin recovered to 18.6% from the 2023 trough of 15.1%, and net income rose roughly 17% to NT$6.57 billion. The balance sheet is conservative, with debt-to-equity cut to 0.27 from 0.54 in 2020 and equity funding about 53% of assets, while ROE improved to 13.7%. Operating cash flow of NT$11.3 billion covers net income about 1.7x, confirming high-quality earnings. Offsetting this, the business is clearly cyclical (revenue fell over 12% in 2023), margins and ROE remain below the 2022 peak, and heavy capital spending keeps free cash flow conversion modest (about 41% of net income) and historically volatile.
Income Statement
72PositiveBalance Sheet
76PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 80.61B | 76.00B | 72.46B | 67.08B | 76.42B | 63.05B |
| Gross Profit | 15.15B | 14.12B | 11.59B | 10.13B | 15.45B | 11.41B |
| EBITDA | 15.02B | 13.97B | 13.35B | 11.42B | 15.75B | 11.54B |
| Net Income | 7.40B | 6.57B | 5.60B | 4.17B | 8.00B | 5.14B |
Balance Sheet | ||||||
| Total Assets | 100.92B | 90.50B | 85.26B | 79.11B | 79.82B | 71.99B |
| Cash, Cash Equivalents and Short-Term Investments | 22.40B | 19.37B | 19.40B | 16.34B | 14.77B | 11.04B |
| Total Debt | 21.42B | 13.12B | 13.84B | 15.53B | 16.28B | 16.62B |
| Total Liabilities | 52.34B | 42.63B | 40.79B | 39.86B | 41.11B | 39.63B |
| Stockholders Equity | 48.58B | 47.86B | 44.47B | 39.25B | 38.72B | 32.37B |
Cash Flow | ||||||
| Free Cash Flow | 738.48M | 4.60B | 3.84B | 3.65B | 6.18B | 96.01M |
| Operating Cash Flow | 8.99B | 11.29B | 9.71B | 10.45B | 13.67B | 8.98B |
| Investing Cash Flow | -8.42B | -6.76B | -5.87B | -6.57B | -7.50B | -8.45B |
| Financing Cash Flow | 1.04B | -4.09B | -4.41B | -4.34B | -3.56B | -1.09B |
Compeq Manufacturing Co., Ltd. Peers Comparison
Overall Rating
TW:304474Outperform- TW:231360Neutral
TW:803959.5Neutral
TW:181555Neutral
TW:627454Neutral
TW:621351Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3044 | 74Outperform | TWD 248.87B | 22.28 | ― | 2.68% | 33.62% | 56.13% |
| TW:2313 | 60Neutral | TWD 225.17B | 29.43 | ― | 1.53% | 11.13% | 24.42% |
| TW:8039 | 60Neutral | TWD 56.59B | 71.50 | ― | 0.93% | 2.53% | 118.11% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1815 | 55Neutral | TWD 78.68B | 31.72 | ― | 0.39% | 48.55% | 293.99% |
| TW:6274 | 54Neutral | TWD 294.07B | 34.97 | ― | 0.76% | 86.84% | 165.06% |
| TW:6213 | 51Neutral | TWD 191.98B | 85.29 | ― | 0.57% | 41.96% | 290.01% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2313 | Compeq Manufacturing Co., Ltd. | 182.50 | 99.91 | 120.98% | |
| TW:1815 | Fulltech Fiber Glass Corp. | 128.00 | 42.42 | 49.56% | |
| TW:3044 | Tripod Technology Corporation | 473.50 | 165.03 | 53.50% | |
| TW:6213 | ITEQ Corporation | 528.00 | 418.42 | 381.84% | |
| TW:6274 | Taiwan Union Technology Corporation | 982.00 | 578.23 | 143.21% | |
| TW:8039 | TAIFLEX Scientific Co., Ltd. | 214.50 | 146.70 | 216.36% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026